ITRA Global News

UBS and Werner Global Speak at ITRA Global Conference in St. Louis

April 27, 2018

ITRA Global was pleased to present two compelling keynote speakers during the recent ITRA Global Conference held in St. Louis, Missouri.

Jonathan Woloshin, Executive Director at UBS Financial Services, provided a global overview about the general economy and the health of commercial real estate markets. Woloshin noted that while the real estate market in terms of total commercial investment sales is in the “8th inning”, he quickly followed up with the fact that we might see “extra innings” in this particular real estate cycle. The investment sales market does have plenty of capital looking for investments, so there are still numerous transactions occurring, including sale-leasebacks of corporate-owned real estate. Woloshin also touched on e-commerce as a major driver of development and change. He noted that brick and mortar retail is far from dead, but looking forward, some retail centers will likely be converted into other uses. For more information, visit https://www.ubs.com

Bill Luttrell, Director of Corporate Real Estate for Werner Global, shared insights about the company’s global operations and how it evaluates real estate holdings and requirements. Werner Global is one of the largest trucking companies across North America, and also has operations in South America and Asia. New technology is enhancing Werner’s site selection processes as well as operations. In addition to trucking, Werner is a significant player in the third-party logistics space (3PL) and has brokerage offices across the U.S. More information about Werner Global can be found at http://www.werner.com/